Galane Gold

CN: GG

C$14.1mmarket cap

C$0.07last close

Galane is a junior gold producer with one operating mine in Botswana (Mupane) and a second mine in South Africa (Galaxy) on care and maintenance but set to restart production within the next six months.

Investment summary

Since 2014, the ramp-up of Tau Underground has transformed Galane’s Mupane mine, increasing mined grade and lowering cash operating costs to average just US$871/oz over the past 12 months. Galane has now also secured funding to bring the Galaxy mine into production by Q119, which could add a further 25koz per year at cash costs of around US$800/oz.